Matic Network Token: New IEO from Binance and BNB Pump

Matic Network Token: New IEO from Binance and BNB Pump

We have already reported that the rules for performing tokensales on Binance Launchpad had been changed significantly. We will not once again explain the lottery principle of choosing sales participants. It is much more important to remind you that within 20 days before IEO (Initial Exchange Offering, which is different from Initial Coin Offering), you need to hold Binance Token (BNB). All this time, the native token must be kept “in good faith” without any transactions or tricks.

Today, on April 1, 2019, the exchange has announced that on April 24, the MATIC tokensale from the Matic Network project will take place. 1,900,000,000 MATIC (19% of the total issue) with a starting price of 0.00263 USD will be sold.

In the announcement, Binance kindly informs us that we can begin purchasing BNB to participate in the sale. Against this background, the Binance Coin rate showed a blitzkrieg movement, jumping from $17.40 to $18.25 (further the price has been corrected). This is a very good move from the management of the exchange. There is a lot of time left to the tokensale, but BNBs need to be purchased now. Apparently, the native token will be overpriced. Moreover, until April 4, the excitement around the new token, and, consequently, the positive price dynamics, will continue.

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Matic Network Token: New IEO from Binance and BNB Pump
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